Mutual Fund Net Subscriptions 1.3 Billion Euros in June

Mutual funds domiciled in Finland received 1.3 billion euros in net subscriptions in June. Total assets at the end of June were 112.5 billion euros from which approximately 20 billion is originated from Sweden.

Asset allocation funds received the most net subscriptions totaling 928 million euros. Bond funds’, money market funds’ and alternative funds‘ net subscriptions were 227 million, 179 million and 75 million euros respectively. Equity funds are the only fund class that has negative YTD net subscriptions from 2017. In June 69 million was redeemed from equity funds.